M3nergy and PT Transamudra close financing for FPSO Ratu Nusantara

M3nergy and PT Transamudra as sponsors have close financing on a US$182 million term facility and US$38.4 million guarantee facility to finance the FPSO Ratu Nusantara.

Watson, Farley & Williams Asia Practice LLP announced that it has advised the joint venture.

The loan facilities were provided to PT M3 Ketapang Sejahtera, a joint venture entity owned by the sponsors, by a syndicate of lenders consisting of CIMB Bank Berhad Labuan Offshore Branch, Export- Import Bank of Malaysia Berhad, Industrial and Commercial Bank of China (Malaysia) Berhad, National Bank of Abu Dhabi Malaysia Berhad, Natixis Singapore Branch, Oversea-Chinese Banking Corporation Limited and Sumitomo Mitsui Banking Corporation (SMBC).

Read more: M3nergy and PT Transamudra close financing for FPSO Ratu Nusantara